Surge of Claims Complicates Trust Wallet’s Response to $7M Hack

[lingriiddd]

Trust Wallet is facing unexpected complexity in reimbursing users after a $7 million exploit tied to its browser extension. Despite identifying thousands of affected wallets, the company has received almost double that number in claims, suggesting attempted abuse of the reimbursement process.

Chen said the verification effort is critical to prevent funds from being misallocated. Binance co-founder Changpeng Zhao has confirmed that losses will be fully covered, but Trust Wallet is taking a cautious approach to avoid further exploitation.

The incident highlights the growing challenge crypto platforms face in balancing rapid user support with safeguards against fraud following security breaches.

[bonk]

how come CZ is related to the Trust wallet